Mermaid navigates stormy equity market

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Copenhagen-based fund is developing a reputation for making money in volatile and difficult periods

Thomas Juul-Larsen

Ulrik Jonsen

Copenhagen-based Mermaid Asset Management is one of the few
European long/short equity funds that appears to be navigating
the stormy market waters with success this year.

The Mermaid Nordic Hedge Fund – run by founders
Thomas Juul-Larsen and Ulrik Jonsen together with fellow ABN
Amro veteran Jonathan Copplestone, who is based in New York
– is up 7.27% to the end of September after recording
positive performance over the turbulent last three months, when
market volatility saw many equity hedge funds come unstuck.

The strategy gained 2.16% in August, when many long/short
funds dived, and the fund has only registered one small monthly
loss so far this year – with a dip of just 0.53%
in...

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